Compare Federal Bank NRE Deposit Plus and ICICI Bank NRE Fixed Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
NRE depositors with more than ₹1 crore who are certain they can hold to maturity and want to compare the premium non-callable ladder with Federal’s ordinary callable NRE FD.
NRIs/PIOs/OCIs who want an INR fixed return on eligible overseas funds with full NRE repatriability.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/federal-nre-deposit-plus-vs-icici-nre-fixed-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | Federal Bank NRE Deposit Plus | ICICI Bank NRE Fixed Deposit |
|---|---|---|
| Current rate evidence | NRE Deposit Plus rates effective 17 August 2026 run from 6.35% at 1 year to 6.85% at 48 months for the reviewed below-₹3-crore band. | ICICI’s reviewed callable retail schedule effective 18 June 2026 reaches 6.50% in the 3-year-1-day to 10-year bands below ₹3 crore; senior-citizen additions do not apply to NRI deposits. |
| Currency / amount / tenure | Minimum amount is ₹1,00,00,001 and minimum tenure is 12 months under the current first-party schedule. | Minimum deposit is ₹25,000 for callable NRE/NRO fixed deposits; NRE tenure starts at 1 year and can extend to 10 years. |
| Tax / repatriation / payout | NRE tax/repatriation treatment plus a premium non-callable rate ladder, with reinvestment effective-annualised-return material published separately by the bank. | Interest is tax-free in India under NRE treatment; principal and interest are fully repatriable; monthly, quarterly or maturity payouts and eligible overdraft facilities are available. |
| Premature withdrawal / liquidity | Pre-closure is not allowed under standard NRE Deposit Plus terms; the deposit therefore carries a materially different liquidity profile from ordinary NRE FDs. | No interest is paid on NRE deposits withdrawn before 1 year. Callable premature withdrawal after the minimum period is subject to ICICI’s current tenure-based penalty schedule. |
| NRI / PIO / OCI eligibility | Eligible NRE depositors under Federal Bank KYC and NRE deposit rules; non-resident customers do not receive the resident senior-citizen addition. | Eligible NRIs, PIOs and OCIs under ICICI Bank NRI deposit/KYC rules. |
| Deposit-state / funding rule | This is a distinct non-callable NRE product, not merely a higher headline rate on Federal’s callable NRE Fixed Deposit. | Fund source, NRE status and booking date determine the deposit treatment; the contracted rate is fixed for the selected tenure at booking. |
These are nominal annual rates from the reviewed first-party schedules. Effective dates can differ, and no universal winner is inferred from one tenure.
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| Tenure | Federal Bank NRE Deposit Plus | ICICI Bank NRE Fixed Deposit |
|---|---|---|
| 3 years | 6.60% | 6.45% |
| 4 years | 6.85% | 6.50% |
Schedule reference: August 17, 2026. Federal Bank NRE Deposit Plus non-callable schedule effective 17 August 2026; NRI senior addition excluded.
Schedule reference: June 18, 2026. ICICI callable retail FD schedule effective 18 June 2026, applied to NRI deposits without resident senior additions.
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
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Reviewed September 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 3 attached first-party sources